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Things To Consider When Buying A Home
IV. Selecting a Buyer’s Agent to represent YOU
A. Interview potential agents, like all things some are
better than others
1. Time in the business
2. Do they quickly understand your needs and wants?
3. Do you feel comfortable with them?
4. Do you perceive their competence and value in the transaction?
5. View a couple properties before signing a contract to use them as your
buyer’s agent
6. Do they seem rushed, do they return your calls & email promptly?
7. Do your homework!
B. Based upon the parameters you set start receiving listings
to review (e-mail)
C. Select properties to visit and review
1. Narrow your search and reset parameters as necessary
2. Keep a notebook with you with a copy of the listing and paper to make notes
3. Bring a camera to snap a picture of items that stand-out
V. Create a “short list” of homes
A. Re-visit and spend time looking at property critically
for details
B. Make a list of Questions for each home
C. Review the seller’s disclosure form
1. Note items that raise questions
D. Think about finalists for a day or two
1. This is the single largest investment you will ever make
E. Speak with neighbors
F. Meet with school administrators / teachers
VI. Select your number one pick
A. Have two back up houses to move on to
B. Make a final list of any unanswered questions
C. Review CMA of neighborhood
1. Houses sold over the past 6 and 12 months
D. Establish an opening offer price
1. Establish an upward price you will negotiate toward
2. Agree in advance as to what upward price is the maximum you will go to
VII. Financing the purchase
A. Shop lenders / rates and terms (newspaper, internet,
agent referral)
B. Be certain the loan official is competent
1. Be certain you are getting the best deal
2. Ask for references and a copy of their license
C. Get a pre-approval letter
D. Ask questions
